Wall Street analysts expect Cemtrex Inc (NASDAQ:CETX) to post sales of $30.75 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Cemtrex’s earnings, with estimates ranging from $29.20 million to $32.29 million. Cemtrex posted sales of $36.77 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.4%. The business is expected to report its next quarterly earnings results on Thursday, December 28th.

According to Zacks, analysts expect that Cemtrex will report full year sales of $30.75 million for the current financial year, with estimates ranging from $116.91 million to $120.00 million. For the next year, analysts expect that the firm will report sales of $134.43 million per share, with estimates ranging from $132.10 million to $136.76 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Cemtrex.

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP purchased a new position in shares of Cemtrex during the second quarter worth $122,000. Macquarie Group Ltd. purchased a new position in Cemtrex in the third quarter valued at $147,000. Finally, AJO LP purchased a new position in Cemtrex in the second quarter valued at $268,000. 5.50% of the stock is owned by hedge funds and other institutional investors.

Cemtrex (CETX) opened at $2.62 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.66 and a debt-to-equity ratio of 0.26. Cemtrex has a fifty-two week low of $2.38 and a fifty-two week high of $8.41. The stock has a market cap of $26.85, a price-to-earnings ratio of 5.00 and a beta of 5.22.

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About Cemtrex

Cemtrex, Inc is a diversified technology company, which provides solutions to industrial and manufacturing needs. The Company provides manufacturing services of electronic system assemblies; provides broad-based industrial services, instruments and emission monitors for industrial processes, and provides industrial air filtration and environmental control systems.

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Earnings History and Estimates for Cemtrex (NASDAQ:CETX)

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